Reuters Market Eye - Rupee trades little changed at 54.79/80 versus its previous close of 54.78/79, after a mildly weaker start as a lower start to the domestic share market offsets the dollar's global weakness.
The dollar moved away from a fresh 4-1/2 year high against the yen hit in the previous session after disappointing U.S. industrial data caused U.S. Treasury prices to rise for the first time in a week, while the euro wobbled near a six-week low.
Almost all Asian currencies trading mildly stronger compared with the dollar.
The pair is seen moving in a 54.70 to 54.95 range early in the session.
Traders to monitor domestic shares for cues on foreign fund flows. Local shares <.BSESN> trading down 0.2 percent in pre-open trade.
(Reporting by Swati Bhat)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app